That is why it is important to choose a broker with low commissions and fees. Different brokers use different names for trading accounts, offering different trading conditions for each. Always make sure to check these details before you start trading with a real account.
In addition to paying commissions, you may have to factor in the cost of spread while trading. LimeFX has a great mobile trading platform, which is offered on MT4 and MT5. The platform is highly user-friendly and provides a great search option. LimeFX broker allows traders to use MT4 and MT5 platforms because it currently has no proprietary trading platform.
Online Forex Trading
- Once you have provided your personal information, you will be required to choose a trading platform.
- He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.
- No matter the issue, they’ve always ensured I get the assistance I need, making trading with them a smoother experience.
- 99.35% of all trades are executed in less than one second and there is a strict ‘no re-quotes’ policy and no virtual dealer plug-ins.
- Experienced traders may prefer the LimeFX Zero Account for its lower spreads and cost efficiency.
However, unlike publicly limefx review traded counterparts including Plus500 and IG, LimeFX’s private status limits the availability of financial disclosures. This could impact transparency for traders seeking detailed financial information. All LimeFX clients are allocated a personal account manager who is available to assist you with any account or trading question you may have.
If you trade using MT4, your webtrading will be done on the LimeFX MT4 webtrading platform. Once you have provided your personal information, you will be required to choose a trading platform. There are several account types available and you limefx reviews can choose whichever suits you during the signup process. However, if you are inactive for 90 days, you will have to pay an inactivity fee of $15. Subsequently, you will be charged $5 monthly if this inactivity persists.
Deposit and Withdrawal
However, the range of deposit and withdrawal options as well as commissions charged per trade can be improved upon. Before deciding to trade with this broker, make sure that it meets your trading needs. LimeFX is a highly regulated and trusted broker with over 5 million clients globally.
MetaTrader 5
The Ultra Low Micro and LimeFX Ultra Low accounts offer commission-free trading with floating spreads starting from 0.8 pips, typical of many other brokers we’ve analyzed. I expected LimeFX to offer a dedicated account type for experienced traders with substantial trading volume or portfolio size. Unlike ActivTrades, which provides professional accounts with benefits like higher leverage, reduced stop-out levels, and dedicated account managers, LimeFX caters primarily to a broader range of traders. While many brokers start charging clients account inactivity fees after 6-12 months, LimeFX traders who have not traded for 90 days will be charged a monthly inactivity fee of $5.
Its users have access to both MT4 and MT5 platforms in addition to low trading and withdrawal fees. The market-leading platforms on offer are the most popular retail trading platforms in the world. They combine user-friendly functionality, with powerful software tools. Even more impressive are the razor-thin spreads that LimeFX offers its clients. New traders can benefit from the various educational content available on the company’s website.
LimeFX Trading Platforms
This makes it one of the most trusted brokers as far as investor protection is concerned. Because demo accounts simulate results, order execution time may be relatively fast – even faster than having the same order executed on a real account. Investing virtual funds, even if under real-time market conditions, does not equal with investing real money. Psychologically speaking, this affects your trading decisions, as well as your reaction to virtual gains and losses. Overnight fees, common in the industry, apply to cash instruments held overnight and are reasonable. The broker also waives deposit and withdrawal fees, although bank transfers might incur a small fee.